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NY Gaming Commission approves sports betting regulations

The New York Gaming Commission has today (June 10) approved regulations governing sports betting in the state.

The approval clears the way for the licensing process for the New York’s four upstate casinos to begin.

The decision will see the Schenectady-based Rivers Casino, Tioga Downs racino in Nichols, del Lago Resort in the Finger Lakes and Monticello-based Resorts World Catskills be permitted to launch sports betting, provided they are approved for licences.

The regulations, first published in January then subject to a 60-day comment period that ended on May 20, permit wagering in dedicated, in-venue lounges only. Operators will pay a 10% tax on sports betting revenue.